Oil Price

Most Asian equities rallied Tuesday and Brent crude hit a more than seven-year high as optimism over the global recovery returned to trading floors, though concerns about the end of long-running central bank support tempered sentiment.

Avian turbine fuel (ATF) or jet fuel price was hiked by 4.2 per cent on Sunday, the second increase in rates this month

India is expected to grow at a rate of 6.5 per cent 2021-22, a fall from the 8.4 per cent GDP forecast in the previous financial year, the UN has said

There has been a 39.6 per cent increase in the import cost of petroleum products in the last four years between 2016-17 and 2020-21

Halting a declining trend of last month, jet fuel or aviation turbine fuel price has been hiked by 2.75 per cent on firming international oil prices

Brent ended the year up 50.5 per cent, its biggest gain since 2016, while WTI posted a 55.5 per cent gain, the strongest performance for the benchmark contract since 2009

Indian bonds and the rupee weakened in 2021, weighed down by sharply higher crude oil prices which pushed up inflation and raised concerns over potential interest rate

Oil prices slumped after cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new restrictions to combat its spread could dent fuel demand.

In the United States, the average number of daily confirmed coronavirus cases hit a record high of 258,312 over the last seven days, a Reuters tally on Wednesday found.

Oil prices pared earlier gains after China, the world's top crude importer, lowered the first batch of 2022 import quotas to mostly independent refiners by 11%.

Oil prices have been underpinned by Ecuador, Libya and Nigeria declaring forces majeures this month on part of their oil production because of maintenance issues and oilfield shutdowns.

Asset classes from oil to equities have clawed back losses from late November, when the Omicron variant of COVID-19 sent investors scurrying for safety.

Oil prices settled higher on Tuesday, with Brent crude ending the session near $80 a barrel despite the rapid spread of the Omicron coronavirus variant.

Brent crude was trading near $80 a barrel despite the rapid spread of the Omicron coronavirus variant, mainly supported by supply outages and expectations that U.S. inventories fell last week.

Oil prices rose more than 2% on Monday to the highest level since late November on hopes that the Omicron coronavirus variant will have a limited impact on global demand in 2022.

Most Asian equities rallied Tuesday and Brent crude hit a more than seven-year high as optimism over the global recovery returned to trading floors, though concerns about the end of long-running central bank support tempered sentiment.

Avian turbine fuel (ATF) or jet fuel price was hiked by 4.2 per cent on Sunday, the second increase in rates this month

India is expected to grow at a rate of 6.5 per cent 2021-22, a fall from the 8.4 per cent GDP forecast in the previous financial year, the UN has said

There has been a 39.6 per cent increase in the import cost of petroleum products in the last four years between 2016-17 and 2020-21

Halting a declining trend of last month, jet fuel or aviation turbine fuel price has been hiked by 2.75 per cent on firming international oil prices

Brent ended the year up 50.5 per cent, its biggest gain since 2016, while WTI posted a 55.5 per cent gain, the strongest performance for the benchmark contract since 2009

Indian bonds and the rupee weakened in 2021, weighed down by sharply higher crude oil prices which pushed up inflation and raised concerns over potential interest rate

Oil prices slumped after cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new restrictions to combat its spread could dent fuel demand.

In the United States, the average number of daily confirmed coronavirus cases hit a record high of 258,312 over the last seven days, a Reuters tally on Wednesday found.

Oil prices pared earlier gains after China, the world's top crude importer, lowered the first batch of 2022 import quotas to mostly independent refiners by 11%.

Oil prices have been underpinned by Ecuador, Libya and Nigeria declaring forces majeures this month on part of their oil production because of maintenance issues and oilfield shutdowns.

Asset classes from oil to equities have clawed back losses from late November, when the Omicron variant of COVID-19 sent investors scurrying for safety.

Oil prices settled higher on Tuesday, with Brent crude ending the session near $80 a barrel despite the rapid spread of the Omicron coronavirus variant.

Brent crude was trading near $80 a barrel despite the rapid spread of the Omicron coronavirus variant, mainly supported by supply outages and expectations that U.S. inventories fell last week.

Oil prices rose more than 2% on Monday to the highest level since late November on hopes that the Omicron coronavirus variant will have a limited impact on global demand in 2022.